In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
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The Cotton Textiles Export Promotion Council, known as TEXPROCIL, has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. Siddhartha Rajagopal, Executive Director, Texprocil, provides some wish-list for the industry and the Government in boosting cotton consumption in India.
In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
There is a paradigm shift in thinking of Indian entrepreneurs in last five years. They are more adaptive to new things and new technologies today. But, unfortunately our Textile Industry players have not realized the latest trends. They still continue to manufacture same age-old conventional textiles. They are hardly taking any efforts for innovations. Though Technical Textile is growing at CAGR of 20 per cent in India having huge growth potential, there is no much investment in this sector and the main reason is lack of awareness about the markets.
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.
Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.
There is a huge untapped potential in nonwovens for the Indian industry. High cost, lack of entrepreurship and dearth of research are proving to be major hurdles on the path of growth for this emerging segment in technical textiles. Karthik Muthuveeran analyses and bares some details. China is the leader today and will remain as top producing country in Asia, taking the lion?s share. India?s nonwoven production is growing at 13 per cent CAGR on volume basis as compared with China?s 12 per cent CAGR.